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Glencore

@glencore.com

We are a global & diversified natural resource company, responsibly sourcing the commodities that advance everyday life.

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About

Description

Glencore is a global commodity trading and mining company based in Switzerland. It was founded in 1974 as Marc Rich & Co and later renamed Glencore in 1994. The company's headquarters are located in Baar, Switzerland.


Glencore operates in three main segments: marketing, industrial, and mining. In the marketing segment, it sources, stores, processes, and distributes commodities such as metals, minerals, and energy products. The industrial segment includes the company's involvement in production and processing of metals and minerals.


Glencore's mining segment focuses on extracting natural resources including coal, copper, zinc, and nickel. On a global scale, Glencore has a significant presence with operations in over 50 countries. The company has numerous subsidiaries, joint ventures, and partnerships.


Some notable subsidiaries include Xstrata, a major mining company, and Viterra, an agricultural commodities company. In terms of market position, Glencore is one of the world's largest commodity traders, playing a key role in the global supply chain. It is one of the leading companies in the trading and marketing of commodities such as oil, metals, and agricultural products.


Glencore's vast global network enables it to actively participate in various markets and maintain a competitive edge. Throughout its history, Glencore has undergone various significant events and achievements. In 2011, it completed a merger with Xstrata, creating one of the largest mining and commodity trading companies in the world.


Additionally, Glencore has made strategic acquisitions and investments to expand its operations and diversify its portfolio. As of now, Glencore continues to be a dominant force in the commodities industry. Its latest updates include a focus on transitioning to cleaner energy sources and reducing carbon emissions.


The company aims to become a net-zero emissions company by 2050 and has set targets to increase its production of critical metals used in electric vehicles and renewable energy technologies. In conclusion, Glencore is a global commodity trading and mining company headquartered in Switzerland. It offers a wide range of products and services, operates worldwide, and has a strong market position.


The company has undergone significant events and continues to adapt its strategy to meet the changing demands and challenges of the industry

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Company Type

Public Company

Company Size

10,001+

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